Will Earnings Spark a Catch-Up Rally in Tech Stocks?

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 53%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Stocks Analysis by Ivana Delevska covering: Microsoft Corporation, Amazon.com Inc, NVIDIA Corporation, Tesla Inc. Read Ivana Delevska's latest article on Investing.com

Consumer vs. B2B - comps are getting tougher for consumer tech while enterprise tech is at the bottom of the cycle.Technology stocks have been consolidating through the summer despite earnings stabilizing and inflecting upwards. But if 3Q23 earnings continue the strong trend, we are likely to experience a catch-up rally into year-end as valuations are now approaching the bottom of a historical range.

Microsoft's Azure grew 27% last quarter on a ~$60bn base. Investors are expecting Azure to grow 26% in C3Q23. We will be looking to learn about the company's AI initiatives , the contribution from AI to growth , and the potential for an in-house GPU. The same dynamic does not apply to B2B. Large enterprises are generating record cash flows and are looking to invest in technology to enhance their products and services and further optimize their operations. This trend is amplified by developments in artificial intelligence that require significant investment as companies don't want to get left behind.

The caveat with these data points is that sentiment could have worsened post the recent move in the 10Y, but budgets were already cut dramatically ahead of an expected recession in 2023 limiting the potential for more cuts.Views expressed here are for informational purposes only and are not investment recommendations. Spear may, but does not necessarily have investments in the companies mentioned.All content is original and has been researched and produced by Spear unless otherwise stated.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 450. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

These stocks can boost your defensive positioning in a jittery market, says NuveenFrances Yue covers the cryptocurrency market for MarketWatch.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Stock Market Today: Dow falls as energy stocks weigh; big tech earnings eyedStock Market Today: Dow falls as energy stocks weigh; big tech earnings eyed
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Goldman's playbook for 5% 10-year yield — These strong balance sheet stocks are winners'We expect investors will continue to focus on balance sheet strength and avoid companies that are most vulnerable to increased borrow costs,' the firm said.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Tech Stocks Are More Appealing as Earnings Season Starts UpWhile stocks of technology companies have gotten hammered recently, forecasts for their earnings have risen, so the group is looking increasingly attractive,...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »